HSBC launches renminbi bonds for retail investors

18 Aug 2009

HSBC began marketing a two year bond issue denominated in Chinese renminbi on Monday in its first deal targeted at retail investors in Hong Kong.

HSBC has set a coupon of 2.6% for the debt sale, which will be worth at least Rmb1bn. The subscription period runs from August 18 to September 4.

The retail-targeted deal follows a Rmb1bn floating rate note aimed at institutional investors in June, HSBC's first bond issue denominated ...

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